| hold revenue enhancement |The national levy on an individuals right to give piazza to another person during his or her lifetime. Applies only to a noncharitable gift. |
|Gift task exclusion measuring stick |The dollar amount of a noncharitable gift that may be made by a donor to a donee tax free for each one year. The gift tax exclusion amount in 2012 is |
| |$13,000. |
| change integrity gift |A noncharitable gift made by a donor and his or her spouse. Split gifts effectively double the amount of tax-free gifts that may be made to a donee|
| |each year. |
|Gift tax co-ordinated credit |The tax credit that may be used to pay federal gift taxes due on nonexempt gifts, i.e., gifts in spare of the annual gift tax exclusion. The gift |
| |tax unified credit in 2012 is $5 million.
Use of the gift tax unified credit will reduce the individuals estate tax unified credit |
| |dollar-for-dollar. |
|Tentative taxable estate |The tentative taxable estate is equal to a decedents federal gross estate little: |
| |funeral expenses |
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